ERHC Energy Inc (ERHE)

[Strategyone]

Walldog, I agree. It is now about the oil. If there was wrong doing in the past and if the gov doesn't go beyond the statute of limitation and if they can even get enough evidence, it would be a fine at best.

I almost find it humorous as I think the "scare" of the investigation is highly priced into ERHE. The only direction to go is up from here.

Keep in mind that in the original news about the raid on the offices, they specifically pointed out a file with Jefferson's name on it. It is highly probable that this whole raid ect. was about an attempted bribe between Noreen Wilson and Jefferson that turned out not to have any credibility. With SEO, ERHE didn't need any of what Jefferson had to offer.

If there really was any meat on the bone from that investigation, there would have been a lot more follow up than we have seen.

Ironically, this may have been the best thing to happen to the true long holders of ERHE because we were in the natural delay of the oil business between awards and drilling. This allowed for some to accumulate more at discounted prices.

Good luck to all